Located 43 kilometres south east of the mining centre of Cosala, Sinaloa, Los Reyes has an extensive mining history that stretches back into the 1700s. Recent development work has focused on conventional milling and carbon in leach extraction of gold and silver. The Company envisions a simple heap leach operation that potentially has significantly lower capital costs and shortened time line to production. Los Reyes has significant resource upside with open extensions to known resources as well as eight additional discrete exploration targets.
“Los Reyes is an exceptional opportunity for exploration and potential development poised to fast-track through a preliminary economic assessment (PEA) with a construction decision based on low capital expenditure and reduced technical risks. The Company will work to complete the feasability study while continuing to drill in order to expand existing data as well as identify promising new targets.” —Company CEO, Andrew Bowering